Best Financial Advisors in New Malden

CARBON REPORTING Most organisations are at least aware of carbon reporting now. For some academies, they may be racing forward on their ESG journey. But for others, they may only be at the start. A big part of ESG involves having a Net Zero target alongside a decarbonisation plan. However, you can’t manage what you can’t measure. So, it’s key to start with a carbon inventory first. The emissions an organisation is responsible for can be split into three ‘scopes’: Scope 1 – direct emissions within a company’s control e.g. company vehicles Scope 2 – indirect emissions from purchased electricity from a supplier Scope 3 – all other emissions not in a company’s direct control e.g. business travel, purchased goods and services Having a Net Zero target and a published carbon inventory will also future-proof compliance with existing and upcoming legislation. In the Academies space, there are two environmental regulations that organisations should be aware of: Streamlined Energy and Carbon Reporting (SECR) and the Department of Education Sustainability Leadership and Climate Action Plans Initiative.